Jared Kushner's Affinity Partners Acquires 15% of Israeli Shlomo Group

The winners of the bid for the privatized company will take on its 440 million NIS of debt and fixed labor agreements.

After a sharp decline in annually calculated GDP in the last quarter of 2023 (23%), economic activity bounced back and increased by 14% the following quarter.

The Turkish Trade Ministry decided to temporarily lift restrictions on construction materials companies working with Israel. Meanwhile, the Foreign and Economy ministries are looking for alternatives to Turkey.

Despite inflation and displacement, Israeli local consumption is rebounding - with some caveats.

Minute Media Founder and CEO: "Sports Illustrated is the gold standard for sports media for 70 years."

Israel Hayom reports that credit card expenses today have risen to over 928 million NIS by 17:00, while voting rates remain about 20% below the previous round of local elections.

An analysis by Globes shows that after a significant drop at the beginning of the war, Israelis are back to ordering online.

The number of unemployed ticked up slightly, while the number temporarily absent or who ceased looking for work has gone down since December.

There are now more Charedi men working then ever before, primarily due to the pressures of high interest rates and cost of living. However, their work productivity and pay remains relatively low.

The Jewish billionaire and Harvard critic recently bought 5% of the TASE for 95 million NIS with his wife Neri Oxman, part of a general sale of local bank holdings in the TASE.

President Javier Milei of Argentina delivers a remarkable address at Davos during the World Economic Forum Annual Meeting 2024. Watch:

After increasing interest rates over the past few years to curb inflation, the BoI cut the rate by 0.25% amid cautious optimism about inflation and the Israeli economy generally.